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Re: lithfan52 post# 61997

Wednesday, 05/11/2011 11:03:13 AM

Wednesday, May 11, 2011 11:03:13 AM

Post# of 155603
Morning to you Lithfan52. I went back and saw Jack's post as you suggested, but his figures were based on lithium alone and at the time I don't believe he was privy to the current lithium ppm valuation, nor did he take into account potassium values. Nothing against Jack, he did great DD.

My point was Vortmax's updated valuation (based on newly released information at the time) was $74,000/acre. At 31,000 acres that would be roughly 0.48/share. At 60,000 acres it would be 0.89/share.

Can we say HUGE!

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